Second Bitcoin lawsuit filed in California: Four men have sued Bitcoinica, one of the larger Bitcoin currency ex...

It's therefore somewhat ironic to see Bitcoiners turn to the law to bail them out, but victims have no other choice. There is a group of Bitcoiners who monitor and investigate suspicious activity, but it has little power to act. Members of the Bitcoin community are coming to the realization that it may not be possible to build a sustainable economy around Bitcoin without some kind of government involvement. Jeff Garzik, one of Bitcoin's official developers, told CBS, "We are working with the government to make sure indeed the long arm of the government can reach Bitcoin." The official Bitcoin Project guide to public relations cautions against anti-government rhetoric. Intersango's Amir Taaki and Donald Norman, who happen to be two of the defendants named in last week's lawsuit, have also spoken out strongly in favor of government regulation in the past.